maddyone
I think the point is that GB’s tax grab on pension pots is affecting people now and for the rest of their lives, despite the fact that GB made that decision years ago. His decision is affecting people now. Those people affected may well feel bad about that, however long ago it happened because they are living with the consequences now.
I think the point is that GB’s tax grab on pension pots is affecting people now and for the rest of their lives, despite the fact that GB made that decision years ago. His decision is affecting people now. Those people affected may well feel bad about that, however long ago it happened because they are living with the consequences now.
maddyone is right.
These fiscal decisions taken by successive Chancellors can have long-lasting effects and quite understandably those affected will feel a lingering bitterness.
The move-on-it-happened-a-long-time-ago strategy doesn't work so easily when someone's future plans have been affected by events that were completely outside their own control.
But this is an eternal problem, whichever government we are under. Both Labour and Tory governments have made policy decisions which have affected various sections of society at some point.
And the reason for this is because, basically, our society - our economy - is run for the benefit of the wealthy elite, and the rest of us, even those who are comparatively rich, are the exploited and manipulated other-half who are maintaining the status quo. In simple terms, that is how Capitalism works. And whichever government is in power, however they engineer the economy by tweaks here or there, they are still operating under the same system which means that economic crises are outside our control.
And if a party leader comes along and says he wants to run the country for the many not the few - the electorate throws up its hands in horror claiming he will bankrupt the country by driving the wealthy elite out of the country who will up sticks and leave.
So here we are with a Labour party determined to make things 'fairer' for everyone - distancing itself from both Tory free-market libertarianism on the one hand, and Corbyn's 'Marxism' on the other.
Why is the country in such a mess? Why is our NHS in such a terrible state and our public services underfunded, under-staffed and failing? Why are the impoverished pensioners, the sick and the disabled the ones who are going to pay the price for these economic crises? We've had 14 years of Austerity and spending cuts, and now we have Starmer's Labour party in the unenviable position of trying to address these huge economic problems.
He's in an impossible position because he's appeased both the hares and the hounds in order to win the election. And now he has to 'deliver'. The problem is that the interests of the hounds are diametrically opposed to those of the hares.
Growing the economy will ultimately benefit everyone to some degree - but the problem is, it will take a long time to do that and the majority of us will not see any improvement in our lives any time soon.
I lived and worked in Norway for some 12 years. They have a robust economy based on Capitalist principles. However, the government ideology is very much invested in its people - its education, its work-life balance, its health service, its welfare. Though very far from perfect, it is committed in principle to work for everyone, not only the wealthy elite.
But we are not up for that. We have the collective belief that the Tories are the only ones who can run our economy and that any move to change the dynamics will force the movers and shakers to decamp. So Starmer will have little choice other than to, basically, continue where the Tories left off though, hopefully, with less incompetence and less self-interest of his MPs. I acknowledge the fire-fighting he's done so far, especially the way he and the government have taken control over the rioting.
But I think it will take many years before we see any real change.
PS Just to be clear, I'm not recommending 'Corbynomics' - simply trying to be objective about our political system - I didn't vote for him. I just think that real change is impossible under the status-quo.